There is "room for further progress" for the Financial Conduct Authority to become more transparent, according to the head of the body that investigates complaints into the regulator.

“Unless something is restricted by statute… then they really need to look critically, asking themselves: is there good justification for not divulging this information from a policy perspective?” Amerdeep Somal, the financial regulators' complaints commissioner at the Office of the Complaints Commissioner, told MPs on the Treasury Committee on 15 June.